ok, but it's not about wfh really, and they are not moving to podunk tiny town. Much of the move is also due to home prices in the bigger cities being out of reach. |
+1 A 500K dev is not going to dial it in just because there is no face time. |
SURPRISE!
https://www.cnbc.com/2020/05/21/zuckerberg-50percent-of-facebook-employees-could-be-working-remotely.html Zuckerberg says employees moving out of Silicon Valley may face pay cuts |
lots of people will learn this the hard way |
Cost of living adjustments are completely reasonable. |
Just curious where the data about such a high salary for mid software developer is taken.. |
It's not like particularly smart or innovative people are lining up for these horrendous contracting jobs. I don't think most people will miss you to be honest. |
yea, I'm curious about that, too. Mid level developers at places like Google and FB make maybe $200K? The average salary for a midlevel in SV is about $120k-$130K. Also, places like Google and FB don't encourage wfh normally, and I don't see them changing this stance after the crisis passes. |
Would you rather make $350k in SF or $270k in Austin or Nashville? That's the type of cut he means, i.e. way in the employee's favor in terms of COLA and quality of life. |
Like anything, this will have a marginal effect, maybe 10% of workers will opt for it, but that is still a huge shift in local demand, especially for new employees weighing whether to move to a place like the Bay Area, or stay where they are.
How many people would choose to move to a high COL area like the Bay Area if they already do not? My guess is very few. Same thing for DC area. There is nothing here to draw people other than a job. |
Many of my friends are crammed into SF/SV and I think way more than 10% would opt to move out. The male/female ratio is so unbalanced in the Bay Area that most of them (males) want to move just to try to access a better dating market. Facebook and Twitter may have opened the floodgates here. |
The beneficiaries will be the decent-sized cities or resort areas 2-3 hours away from the tech hubs, which can get out to the Valley once or twice a month if they needed to.
I mean if you're living in Frederick, Harrisburg, Annapolis, Richmond, Lancaster, or York, you can head in to DC once a month if you had to. |
I also have my doubts that even a dozen people are lining up to commute downtown for 80-120k jobs with even the ability to bluff through an interview, much less do good work. I also suspect once that PP starts laying off people, the 30% who provide great product will start to bail, leaving him with the deadwood. If that PP is in the cleared world he most certainly doesn't have a dozen people lining up to replace his perceived deadwood. |
+1 The above was from a very silly fed with an inflated sense of ego. |